Cohen & Steers Select Preferred & Income Fund
PSF
37 hedge funds and large institutions have $34.8M invested in Cohen & Steers Select Preferred & Income Fund in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 16 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
9% more funds holding
Funds holding: 34 → 37 (+3)
1.23% less ownership
Funds ownership: 13.01% → 11.78% (-1.2%)
9% less capital invested
Capital invested by funds: $38.2M → $34.8M (-$3.35M)
63% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 16
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$1.05M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$643K |
| 3 |
Morgan Stanley
New York
|
+$561K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$477K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$128K |
Top Sellers
PSF Hedge Fund Activity: Q1 2014 in Review
37 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q1 2014, worth a combined $34.8M — down 8.8% from $38.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PSF positions and 3 closed out — a net gain of 3 holders — while 6 added to existing stakes and 16 trimmed.
The largest buyer was Newgate Capital Management, opening a new position worth an estimated $1.05M. The largest seller was Guggenheim Capital, cutting an estimated $3.9M.
- 37 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q1 2014, up from 34 in Q4 2013.
- Funds reported $34.8M of Cohen & Steers Select Preferred & Income Fund stock for Q1 2014, down 8.8% quarter-over-quarter.
- 6 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q1 2014 and 3 closed out, a net change of +3 holders.
- The largest Cohen & Steers Select Preferred & Income Fund buyer in Q1 2014 was Newgate Capital Management, an estimated $1.05M added.
- The largest Cohen & Steers Select Preferred & Income Fund seller in Q1 2014 was Guggenheim Capital, an estimated $3.9M sold.
Based on aggregated 13F filings for Q1 2014.